| Description |
1 online resource (70 pages) |
| Series |
IMF Staff Country Reports ; v. Country Report No. 14/162 |
|
IMF Staff Country Reports
|
| Contents |
Cover; Contents; Abbreviations; Preface; Executive Summary; I. Introduction; A. Benefits of a Medium-Term Expenditure Framework; Boxes; 1. What is the Difference between an MTFF and a MTEF?; B. Building a Wider Political Commitment for the Reform; II. Improvements to Medium-Term Macro-Fiscal Forecasting; A. Major Issues; Figures; 1. Volatility of Economic Environment; 2. Budget Forecasts and Outturns; 3. Modeling and Forecasting Groups in Botswana; B. Refining Medium-Term Fiscal Forecasting; 4. Government of Botswana Net Financial Assets; C. Construction of an Aggregate Expenditure Ceiling |
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Table1. Deriving Expenditure Ceilings from the NDP10 Balanced Budget Rule; 2. Need to Strengthen Botswana's Fiscal Regime; III. Designing the Medium-Term Expenditure Framework; A. Design of Multi-Year Spending Limits; 5. Botswana Aggregate Expenditure: Original Budget vs. Outturn; 6. Illustration of Proposed Rolling Expenditure Ceiling Process; B. Prioritizing Expenditure over the Medium Term; 7. Illustration of Proposed MTEF Model; C. Maintaining Expenditure Control over the Medium Term; D. Accountability and Credibility Mechanisms; IV. Setting Medium-Term Expenditure Ceilings |
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A. Producing Forward Estimates8. Major Steps in Producing the Forward Estimates; 9. Reconciliation Table for Ministerial Expenditure Ceilings; B. Methodology for Preparing Medium-Term Costing for New Policy Proposals; C. Setting Ministerial Expenditure Ceilings; D. Development Projects and Budgeting; V. Strengthening the Annual Budget Process; A. Constraints to a Predicable Annual Budget; B. Enhance Annual Planning as an Instrument for Budgeting; 10. Relationship between NDP and MTEF; C. Annual Budget Calendar; 11. Proposed Budget Calendar; D. Budget Documentation |
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E. Institutional and Capacity ArrangementsAppendices; I. Glossary of Terms; II. Follow-up Implementation of Previous FAD TA Missions in 2010 and 2011; III. Considerations of a Medium-Term Costing Process: Airport Security; IV. MTEF Cycle: Strategic and Budget Formulation Phases; V. Outline Structure for a Budget Policy Paper |
| Summary |
This Technical Assistance Report focuses on Botswanaâ??s Medium-term Expenditure Framework (MTEF). The Government of Botswana has committed to introduce the MTEF by 2016. The MTEF will provide a more explicit linkage between National Development Plan priorities and budget allocations by adopting a medium-term budgeting horizon. An MTEF model based on a binding nominal expenditure ceiling covering 100 percent of government expenditure is appropriate. To support the commitment to the resource allocations approved under the MTEF, a number of prioritization, control, and accountability arrangement |
| Notes |
Print version record |
| Subject |
Fiscal policy -- Botswana
|
|
Economic history
|
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Fiscal policy
|
| SUBJECT |
Botswana -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85016036
|
| Subject |
Botswana
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| Form |
Electronic book
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| ISBN |
9781498382441 |
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1498382444 |
|
